Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2015
Board removal ordered by Bangladesh Bank
Bangladesh Bank ordered the removal of Mohammad Lutfar Rahman Badal from the board amid allegations relating to political violence.
2014
Officials convicted in theft case
Two IFIC officials were sentenced to five years in prison in connection with the theft of BDT 2.5 million in Chittagong.
2007
Regulatory scrutiny of share purchases
Bangladesh Bank reported irregularities in the purchase of IFIC shares through a Malaysia-registered company associated with Mosaddak Ali Falu and partners, citing foreign-exchange and money-laundering concerns.
1998
Alleged fraudulent inland-bill transactions
Bangladesh Bank reported evidence that fraudulent inland bills had allegedly been used to divert BDT 1.55 billion to companies, including firms linked to BEXIMCO interests.